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Interest Bearing Notes


Interest Bearing Notes is a product of the Finance and Private Sector Research Team in the World Bank's Development Research Group. It reports on research by the Team, as well as non-World Bank research, conferences, related websites, new data sets, and other research and policy-oriented news.

2020 Newsletters

October 2020 PDF

What's new on our website

- Empowering farmers to adopt agricultural recommendations 

World Bank research

- Reassessing the evidence for 'Small business training doesn't work' 
- Banking sector performance during the COVID-19 crisis 
- Cross-border banking in EMDEs: Trends, scale, and policy implications 
- Growth of global corporate debt: Main facts and policy challenges 

Our eclectic guide to recent research of interest

- Teaching labor laws: Evidence from a randomized control trial in South Africa
- Informational barriers to market access: Experimental evidence from Liberian firms 
- War, socialism and the rise of fascism 
- Concessions, violence and indirect rule: Evidence from the Congo Free State 

Upcoming events and miscellanea

- Call for papers: 2021 Research Conference on Bank Regulation "Lessons from COVID-19"
- Call for Papers: ECB-RFS Macro-Finance Conference

August 2020 PDF

What's new on our website

- Channeling capital flows to developing countries: Can international financial institutions help?
Video and event materials

World Bank research

- Capital market financing and firm growth
- Who on earth can work from home?
- Winners and losers from COVID-19: Global evidence from Google search
- Informality, consumption taxes and redistributionOur eclectic guide to recent research of interest

Our eclectic guide to recent research of interest

- Liquidity creation by banks, investment, and growth
- Did the Paycheck Protection Program preserve employment during the COVID-19 crisis?
- Populism and social capital 
- Political power, elite control, and long-term development: Evidence from Brazil

Upcoming events and miscellanea

- Financial Stability and the Coronavirus Pandemic
- The Way Forward for Banks during the Covid-19 Crisis and Beyond

June 2020 PDF

What's new on our website

- Which jobs are most vulnerable to COVID-19?

World Bank research

- The transformative effects of privatization in China
- Female business leaders, the business and cultural environment, and productivity
- Winners and losers when private banks distribute government loans
- Remote-learning, time-use, and mental health of Ecuadorian high-school students during the COVID-19 quarantine
- Financing firms in hibernation during the COVID-19 pandemic 
- Measuring employment: Experimental evidence from urban Ghana

Our eclectic guide to recent research of interest

COVID-19 and the future of microfinance: Evidence and insights from Pakistan
- Resisting social pressure in the household using mobile money

Upcoming events and miscellanea

- Conference on Political Economy of Finance 2020 - Should Corporations Have a Social Purpose?
- Special Issue "Financial Literacy and Financial Education"
- Call for papers: Special issue on Fintech’s Impact on Payments
- Call for papers: World Finance & Banking Symposium

April 2020

 

PDF

What's new on our website

- Development policy and COVID-19 eSeminar series: Policies for small and informal firms

World Bank research

- China’s business environment and dual-track private sector development  
- Owe a bank millions, the bank has a problem: Credit concentration in bad times 
- Global corporate debt during crises: Implications of switching borrowing across markets

Our eclectic guide to recent research of interest

- The impact of R&D tax credits on the quantity and quality of entrepreneurship 
- Social distancing, internet access, and inequality 
- Fintech and household resilience to shocks: Evidence from digital loans in Kenya 
- Market access, trade costs, and technology adoption: Evidence from Northern Tanzania 
- The weak state trap 

Upcoming events and miscellanea

- Database on COVID-19 finance sector related policy responses 
- Macro-financial aspects of climate change 
- Call for papers: Financial Stability and the Coronavirus Pandemic

February 2020 PDF

What's new on our website

- Using big data to expand financial services

World Bank research

- Bank capital and risk in Europe and Central Asia ten years after the crisis
- Analyzing financial risk management in agriculture with Findex data
- Toward successful development policies: Insights from research in development economics 
- Heterogeneous effects of the de jure and de facto business environment
- Foreign direct investment and female entrepreneurship

Our eclectic guide to recent research of interest

- Do capital grants improve microenterprise productivity?
- Do workers discriminate against female bosses?
- Women’s promotions and intra-household bargaining: Evidence from Bangladesh

Upcoming events and miscellanea

- Digital money: Implications for emerging market and developing economies
- Eighth Annual Community Banking Research and Policy Conference
- FDIC/JFSR 20th Annual Bank Research Conference
- The Third Toronto Fintech Conference

2019 Newsletters

December 2019 PDF

What's new on our website

- Global Financial Development Report 2019/2020

World Bank research

- Bank regulation and supervision ten years after the global financial crisis 
- Free riding in loan approvals: Evidence from SME lending in Peru
- Property rights, political connections, and corporate investment 

Our eclectic guide to recent research of interest

- Improving inventory management for mobile money agents
- Does household electrification supercharge economic development?
- The value of communication: Evidence from a field experiment with entrepreneurs in Togo
- Learning management through matching: A field experiment using mechanism design
- The old boys’ club: Schmoozing and the gender gap

Upcoming events and miscellanea

- Calls for from the 10th International Conference of the Financial Engineering and Banking Society
- 2020 German Economic Association Conference on Development Economics and Policy
- 2020 Baltimore Area Finance Conference

October 2019  PDF

What’s new on our website

- Shortening supply chains for fruit and vegetable vendors in Bogota

World Bank research

- Self-employment and migration
- Targeting inputs: Experimental evidence from Tanzania
- Is short-term debt a substitute or a complement to good governance?
- The large-firm wage premium in developing economies

“FYI”: Our eclectic guide to recent research of interest

- Gender discrimination in small business lending
- Rule of law and female entrepreneurship
- Economic growth in Sub-Saharan Africa, 1885-2008
- State-owned enterprises and entry barriers

Upcoming Events and Miscellanea

- 2nd Bank of Italy and Bocconi University Conference on Financial Stability and Regulation
- 2020 Georgia State-RFS FinTech Conference

August 2019 PDF

What’s new on our website

- Financial innovation and additionality 

World Bank research

- The impact of mobile money on poor rural households: Experimental evidence from Uganda
- Learning to grow from peers: Experimental evidence from small retailers in Indonesia
- Beyond the S-curve: Insurance penetration, institutional quality and financial market development
- Searching for yield among large international corporate bonds

“FYI”: Our eclectic guide to recent research of interest

- The impact of soft-skills training for entrepreneurs in Jamaica
- Fertility and modernity
- Property rights protection and capital structure
- The disruptive power of RCTs

Upcoming Events and Miscellanea

Call for papers

June 2019 PDF

What’s new on our website

- Improving management in Colombian firms through individual and group consulting

World Bank research

- Micro-equity for microenterprisesDoes automation in rich countries hurt developing ones? The rise of domestic capital markets for corporate financing
- Measuring the unmeasured: Combining technology and behavioral insights to improve measurement of business outcomes
- Factional competition, local accountability, and long-term development

“FYI”: Our eclectic guide to recent research of interest

- Networking frictions in venture capital, and the gender gap in entrepreneurship
- Communication within banking organizations and small business lending
- Microenterprises and the lure of wage work: Theory and evidence from Mexican export manufacturing
- Financial crisis and the spread of fascism

Upcoming Events and Miscellanea

Call for papers

 March 2019 PDF

What’s new on our website

- Robo-advisors: Investing through machines

World Bank research

- Active trading and (poor) performance: The social transmission channel
- Does automation in rich countries hurt developing ones? Evidence from the U.S. and Mexico

“FYI”: Our eclectic guide to recent research of interest

- The effects of higher bank capital requirements on credit in Peru
- Identifying and spurring “gazelles”: Evidence from a business accelerator
- Finance and mental health
- Do privatized state-owned enterprises behave like private firms or state-owned enterprises?
- Market access, trade costs, and technology adoption: Evidence from northern Tanzania
- Impact of financial regulations: Insights from an online repository of studies

Upcoming Events and Miscellanea

Call for papers

 January 2019 PDF

What’s new on our website

- Can bank capital substitute for supervision and oversight?

World Bank research

- Helping firms realize the benefits of (partial) formalization
- Gross capital flows by banks, corporates, and sovereigns 
- Not(ch) your average tax system: Corporate taxation under weak enforcement
- The long-term impact of the Taiping Rebellion

“FYI”: Our eclectic guide to recent research of interest

- Spillover effects of a debit card rollout in Mexico
- Move a little closer? Information sharing and the spatial clustering of bank branches
- The creation and evolution of entrepreneurial public markets
- Social proximity and bureaucratic performance

Upcoming Events and Miscellanea

Calls for papers

2018 Newsletters (PDF)

November 2018 Vol 21 No 6

What’s new on our website

- Ten years after Lehman: Where are we now?

World Bank research

- Courts and business registration: Evidence from Serbia
- The causal mechanism of financial education: Evidence from mediation analysis
- Endowment effects and usage of financial products: Field evidence from Malawi
- Bank runs and moral hazard: A review of deposit insurance

“FYI”: Our eclectic guide to recent research of interest

- The employment effects of faster payment: Evidence from the federal Quickpay reform
- Roots and consequences of masculinity norms
- The medieval roots of inclusive institutions
- Government R&D subsidies and innovation: Evidence from China

Upcoming Events and Miscellanea

Calls for papers

September 2018 Vol 21 No 5

What’s new on our website

- What drives the costs of financial intermediation around the world?

World Bank research

- Can government intervention make firms more investment-ready?
- Who are America's star firms?
- Decentralized delivery of financial education: Evidence from a country-wide field experiment 
- Productivity shocks and repayment behavior in rural credit markets: A framed field experiment

“FYI”: Our eclectic guide to recent research of interest

- When does advice impact startup performance?
- Financial development and industrial pollution
- Elites in authoritarian countries
- Sexism and American women: The role of norms versus discrimination

Upcoming Events and Miscellanea

Conference announcements

July 2018 Vol 21 No 4

What’s new on our website

- Do consulting services promote small and medium enterprise growth?

World Bank research

- The impact of technical assistance for rural credit unions in Mexico
- The speed of justice
- Technology, taxation, and corruption: Evidence from the introduction of electronic tax filing

“FYI”: Our eclectic guide to recent research of interest

- Can state-owned bank lending raise the incomes of the poor? Evidence from Brazil
- Understanding the decline in group lending by MFIs
- Microcredit contracts, risk diversification and loan take-up
- A theory of equality before the law
- Inter-city competition, industrial revolution, and the big divergence

Upcoming Events and Miscellanea

Calls for papers

May 2018 Vol 21 No 3

What’s new on our website

- Banking with agents: Experimental evidence from Senegal

World Bank research

- The effects of cash transfers on adult labor market outcomes
- Unemployment and violent extremism: Evidence from Daesh foreign recruits 
- The impact of interest rate caps on the financial sector: Evidence from Kenya
- The importance of business aspirations among small-scale entrepreneurs in Indonesia
- Capital inflows, equity issuance activity, and corporate investment 
- Spillover effects of the G20 financial reforms

“FYI”: Our eclectic guide to recent research of interest

- The full implications of political connections
- Distrust, economic downturns, and political turnover

Upcoming Events and Miscellanea

Calls for papers

March 2018

Vol 21 No 2

What’s new on our website

- Do management interventions last?

World Bank research

- Man vs. machine in predicting successful entrepreneurs
- Bank ownership: Trends and implications
- Are international banks different? Evidence on bank performance and strategy
- Measuring the effectiveness of government service delivery: Evidence from India
- Social mobilization, health service delivery, and health outcomes in rural Pakistan

"FYI": Our eclectic guide to recent research of interest

- Mobile phone usage data predicts loan repayment
- Resources, conflict and development in Africa
 - Women outcompeting men in the market for high-skilled labor

January 2018

Vol 21 No 1

What's new on our website

- Failing to disclose information to consumers about financial products

World Bank research

- Are psychometric tools a viable screening method for small and medium-size enterprise lending?
- Microfinance and economic development|
- Corporate debt maturity in developing countries
- SME finance
- Mission and the bottom line: performance incentives in a multi-goal organization

"FYI": Our eclectic guide to recent research of interest

- Which features of formal jobs do workers value most?
- Weak states and the Mafia
- The development effects of the extractive colonial economy

Last Updated: Nov 02, 2020


2017 Newsletters (PDF)

November 2017

Vol 20 No 6

What's new on our website

- Global Financial Development Report 2017/2018: Bankers without Borders

World Bank research

- Small firm death in developing countries
- Learning the impact of financial education when take-up is low
- Making it easier to apply for a bank account
- Financial development, growth, and crisis: Is there a trade-off?

"FYI": Our eclectic guide to recent research of interest

- Can subsidized early child care promote women's employment? Evidence from Kenya
- Religious competition and resource reallocation
- Capital accumulation, private property and rising inequality in China, 1978-2015
- Price floors and employer preferences: Evidence from a minimum wage experiment

September 2017

Vol 20 No 5

What's new on our website

- Understanding financial education: What works, what doesn't, and what's next?

World Bank research

- Job fairs: Matching firms and workers in a field experiment in Ethiopia
- Switching regulation and long-term investment by pension funds
- Complex software and job growth by occupation and skill

"FYI": Our eclectic guide to recent research of interest

- Benefits and risks of self-employment vs. low-skill manufacturing jobs
- Information, demand, and the growth of firms: Evidence from a natural experiment in India
- Interfirm relationships and business performance
- Deposit insurance and monitoring: Evidence from the creation of the FDIC
- Social structure and civil wars in sub-Saharan Africa

July 2017

Vol 20 No 4

What's new on our website

- Expectations and reality collide in active labor market policies

World Bank research

- Financial inclusion and inclusive growth: A review of the evidence
- Status goods: Experimental evidence from platinum credit cards
- The heterogeneous effects of the business environment on growth
- Do individual investors ignore transaction costs?
- Relief from usury? The impact of microcredit in rural India

"FYI": Our eclectic guide to recent research of interest

- Internal capital markets in times of crisis
- Hot weather, finance, and mortality in India

June 2017

Vol 20 No 3

What's new on our website

- New evidence shows way forward for SME growth and job creation

World Bank research

- Can grants to consortia spur innovation and science-industry collaboration?
- Do foreign investors underperform? Evidence from Colombia
- A firm of one's own: Experimental evidence on credit constraints and occupational choice

"FYI": Our eclectic guide to recent research of interest

- Understanding the success and failure of new stock markets
- Liquid milk: Cash constraints and day-to-day intertemporal choice in financial diaries
- Can setting default options increase savings in developing countries and if yes, why?
- Decentralized firms handle adversity better
- Queens and war

May 2017

Vol 20 No 2

What’s new on our website

- Effective business training for Kenyan women

World Bank research

- Experimental evidence on the return to additional labor in microenterprises
- Agent banking in the Democratic Republic of Congo
- Financial information in Colombia- Foreign banks and trade: Bridging the information gap?

“FYI”: Our eclectic guide to recent research of interest

- How to enhance the effect of basic business training on sales and profits?
- Soft skills to pay the bills: Evidence from female garment workers
- Why do firms invest in research?
- The rise of American ingenuity

January 2017

Vol 20 No 1

What’s new on our website

- Two-part blog on usage of digital finance

World Bank research

- Foreign banks and international transmission of monetary policy
- International financial integration in East Asia and the Pacific
- Can enhancing the benefits of formalization induce informal firms to become formal?
- Are labor supply decisions consistent with neoclassical preferences?

“FYI”: Our eclectic guide to recent research of interest

- Using community information to identify high ability entrepreneurs
- Exporting and firm performance: Evidence from a randomized experiment
- Informal firms and Tanzania’s economic transformation
- The natural resource curse and Japan’s successful first industrialization

 


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2016 Newsletters (PDF)

November 2016

Vol 19 No 6

What’s new on our website

- New blog series on financial inclusion and the sustainable development goals

World Bank research
- Social capital, finance, and household consumption in China
- Savings defaults and payment delays for cash transfers: Evidence from Malawi
- The maturity of corporate borrowing across the globe
- Can email messages help to increase tax revenue from non-filing firms?

“FYI”: Our eclectic guide to recent research of interest
- Can peer group meetings and peer text messages increase savings?
- Seeding the S-curve? The role of early adopters in diffusion
- Intellectual property rights matter for innovation, even in China
- The long shadow of a botched fiscal expansion

September 2016

Vol 19 No 5

What's new on our website

- Improving the impact of financial education

World Bank research
- The role of subsidy in the microfinance business model
- Pathways to profits: Identifying separate channels of small firm growth through business training
- Markets, contracts, and uncertainty in a groundwater economy
- Firm financing and growth in the Arab region

"FYI": Our eclectic guide to recent research of interest
- Banking the unbanked? Evidence from three countries
- Does mentoring improve business performance? Evidence from Kenya
- The economic impact of universities around the world
- CEO personality and corporate decision making

July 2016

Vol 19 No 4

What’s new on our website

- Have RCTs taken over development economics?

World Bank research
- The effect of business groups on trading activity
- Saving for old age
- Financial (dis-)information: evidence from a multi-country audit study

“FYI”: Our eclectic guide to recent research of interest
- Using commercial bank data to estimate tax evasion in Greece
- On the impact of corporate taxes on employment and income
- Regulation and structural change in financial systems
- How best to win hearts and minds?
- Tourism and economic development

May 2016

Vol 19 No 3

What’s new on our website

- Financial inclusion and the Sustainable Development Goals

World Bank research
- Finding a path to formalization of micro and small firms in Benin
- Can business owners form accurate counterfactuals?
- Mission drift in microfinance- A meta-analysis on the impact of business support services on firm performance

“FYI”: Our eclectic guide to recent research of interest
- Recent developments in global banking- Foreign bank entry and entrepreneurship
- Apprenticeship and growth in pre-industrial economies
- Social capital and the resilience of the financial system

March 2016

Vol 19 No 2

What’s new on our website

- On seemingly significant experimental results

World Bank research
- Can wage subsidies boost employment in the wake of an economic crisis?
- The political economy of bank lending: Evidence from an emerging market
- Access to finance and job growth: Firm-level evidence across developing countries

“FYI”: Our eclectic guide to recent research of interest
- When does foreign bank participation improve the supply of credit?- Nudging youth to develop savings habits: Experimental evidence using SMS messages
- Do tax incentives for research & development increase firm innovation?
- What is different about urbanization in rich and poor countries?- University innovation and the professor’s privilege

January 2016

Vol 19 No 1

What’s new on our website

- The Global Findex data and saving for rainy day

World Bank research
- The long-term impacts of international migration: Evidence from a lottery
- The impact of the global financial crisis on firms' capital structure
- How does long-term finance affect economic volatility?
- Psychometrics as a tool to improve screening and access to credit

“FYI”: Our eclectic guide to recent research of interest
- Learning entrepreneurship from other entrepreneurs?
- Where has all the skewness in U.S. productivity growth gone?
- Liquidity regulation and unintended financial transformation in China
- The globalization of angel investments: Evidence across countries
- Putting China’s growth slowdown in perspective